: a legal right or interest in or against specific property
Example Sentences
Recent Examples on the WebRecord-setting purchases hit headlines soon after, like when one buyer, known only as P-Ape, spent $450,000 on a nine-parcel property right next door to the Long Beach rapper. David Westenhaver, Forbes, 14 Aug. 2022 The economy has been a rollercoaster since Friesen started looking for an investment property right before the housing crash of 2008.oregonlive, 7 Aug. 2022 Dear Lizzy, The neighbors have a strip of property right next to our front yard that is maybe 2 feet wide.oregonlive, 17 May 2022 The property right next to the Bishan-Ang Mo Kio Park was hotly contested, drawing a total of 15 bids. Jonathan Burgos, Forbes, 28 Oct. 2021 Within the agreement, the MSCA approved the transfer of a property right, which allows Enbridge to construct the new tunnel in bedrock beneath the Straits of Mackinac. James Conca, Forbes, 8 Oct. 2021 Courts have deemed that irrigators have a usufructuary right — a type of property right that allows use of something in the public domain — to the top six feet of water in the lake. Robert Gauthier, Los Angeles Times, 23 June 2021 What are some of the elements that make a property right for Smarter? Bridget Arsenault, Forbes, 26 May 2021 In the Cedar Point case, the union can only enter their property right before and right after working hours and during lunch break, and only during certain times of the year. Evan Gerstmann, Forbes, 21 Mar. 2021 See More
Word History
First Known Use
1848, in the meaning defined above
Legal Definition
property right
noun
1
: a right or interest in or involving property (as real property)
a conflict between environmental regulations and property rights